Creador's Vasudevan on increasing India allocation, mid-market deals & more
Private equity firm Creador, which focuses on India and Southeast Asia and once backed names like Ashiana Housing, Ujjivan, PC Jewellers and Corona Remedies, plans to increase India commitment under its new fund. Brahmal Vasudevan, founder and CEO of Creador, is optimistic on fundraising after the success of Indian counterparts such ......
PE investors of Fortis-controlled Agilus may finally get an exit
International Finance Corporation and two other private equity investors of Agilus Diagnostics Ltd may finally be able to exit the Gurugram-based company controlled by the hospital chain Fortis Healthcare Ltd, VCCircle has gathered. IFC, Jacob Ballas and Resurgence PE Investments have been trying to exit Agilus, earlier known as SRL Diagnostics, ......
True North wraps up fundraising for maiden private credit vehicle
Homegrown private equity firm True North has wrapped up fundraising for its maiden private credit fund, nearly three years after foraying into the asset classs, VCCircle has gathered. The PE firm’s maiden private credit vehicle, focused on performing credit financing, reached its first fundraising milestone in November last year at Rs ......
CPPIB’s credit unit inks $135 mn deal to part-finance India solar, wind projects
Canada Pension Plan Investment Board (CPPIB), an active investor in India’s renewable energy sector, is set to finance a deal that will help a US-based renewable energy firm develop solar and wind projects in India. The pension fund, which became the majority owner of ReNew Energy last March, will provide $135 ......
InCred Alternatives' Singla on latest PE fund thesis, sweet spots, exits and more
InCred PE, part of the financial services group InCred that has offerings across lending, wealth and asset management, marked the first close of its maiden private equity fund in March this year at about Rs 330 crore. The fund raised capital from large HNI/UHNI investors. IGPF-I is targeting a final close of ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
Grapevine: Bain, Temasek team up for Haldiram bid; ONGC, NTPC Green Energy eye Ayana
Bain Capital and Singapore's Temasek have joined forces to compete with a Blackstone-led consortium for a controlling stake in Haldiram's Snacks Food Pvt Ltd, a media report said. The Bain-Temasek partnership submitted a non-binding offer last week, valuing the Indian snack giant at $8-8.5 billion, The Economic Times reported, citing people familiar with the matter. Bain had ......
Singapore VC firm Golden Gate Ventures rolls out $100-mn MENA fund
Golden Gate Ventures, a Singapore-based early-stage venture capital firm that manages assets worth $250 million across three continents, has launched a Middle East and North Africa–focused investment vehicle in Qatar. The Southeast Asian VC firm launched the MENA fund with a $100 million target and secured commitments worth $20 million from ......
How much did Vivriti AMC return to its investors on closure of first fund?
Mid-market private credit firm Vivriti Asset Management, part of the Chennai-based Vivriti Group, has closed its first private credit fund, thereby returning money to investors, it is learnt. The asset manager had launched the Vivriti Samarth Bond Fund (SBF) in 2019, raising Rs 265 crore (nearly $38 million) from its investors, ......
HDFC Bank to secure big-ticket loan to bolster women lending book
India’s largest private lender HDFC Bank is set to raise fresh debt from a marquee global private equity investor in a bid to support lending to women borrowers, as microloans to self-help groups (SHGs) and joint liability group enrolled under the bank’s sustainable livelihood initiative. The bank is on track to ......
